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Dec 26, 2012
12/12
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KGO
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. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the
. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than...
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Dec 28, 2012
12/12
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KGO
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on the fiscal cliff. any compromise is expected to include an extension of the middle class tax cuts with increased rates at upper incomes. spending cuts could also be canceled. ahead of those talks, plenty of blame is being spread around already. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> hopefully there's time for an agreement of some kind. >> speaker john boehner called the house back into session for a highly unusual sunday evening session just in case. >>> an unexpected consequence of the fiscal cliff stalemate could mean sticker shock at your grocery store. milk prices could soon spike to $8 a gallon. wow. congress has been so bogged down with the fiscal cliff, the farm bill is still on the table. if congress does not pass it, dairy subsidies would immediately end on january 1, and those subsidies have been keeping milk prices low for 63 years. >>> the price of curbside parking in chicago is going up january 1. parking meter
on the fiscal cliff. any compromise is expected to include an extension of the middle class tax cuts with increased rates at upper incomes. spending cuts could also be canceled. ahead of those talks, plenty of blame is being spread around already. >> john boehner seems to care more about keeping his speakership than keeping the nation on firm financial footing. >> hopefully there's time for an agreement of some kind. >> speaker john boehner called the house back into session...
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Dec 28, 2012
12/12
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FOXNEWSW
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we are following the latest on the fiscal cliff negotiations. there's a big white house meeting going on today. but the white house says it's not open to negotiation. so we will tell you about that. also coming up on the show special drink to make this new year's eve and the skwlooifrng cure for the after all coming up top of the hour. see you then. i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours of energy now -- no crash later. wait to see the next five hours. like say, gas station sushi. cheap is good. and sushi, good. but cheap sushi, not so good. it's like that super-low rate on not enough car insurance. pretty sketchy. ♪ and then there are the good decisions. like esurance. their coverage counselor tool helps you choose the right coverage for you at a great price. [ stomach growls ] without
we are following the latest on the fiscal cliff negotiations. there's a big white house meeting going on today. but the white house says it's not open to negotiation. so we will tell you about that. also coming up on the show special drink to make this new year's eve and the skwlooifrng cure for the after all coming up top of the hour. see you then. i did in the last five hours? i played a round of golf. then i read a book while teaching myself how to play guitar; ran ten miles while knitting...
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Dec 26, 2012
12/12
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KOFY
tv
eye 143
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. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than names on cups. the chain is asking employees in washington, d.c. to scribble the words "come together." as a message to lawmakers to settle the fiscal cliff. >> some spots blue skies, some parts grey clouds. >> interesting the colors you will see out there rainbow colors out there and we've had some in the south baylor, i'll show you one from mountain view, san jose we just had moderate rain roll through downtown, darker clouds off to the west there and that's what is going to head up into the santa cruz mountains shortly. one other advantage point, at least this side of san francisco, we are on the
. >>> president obama is cutting short his holiday to resume fiscal cliff negotiations. the white house says the president will leave hawaii tonight on a red-eye to washington. lawmakers have less than a week to come up to agreement on how to avoid tax increases and spending cuts set to go into effect january. the first lady and the couple's two daughters will remain in hawaii for another 10 days. >>> for the first time starbucks' employees are being asked to write other than...
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Dec 27, 2012
12/12
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FOXNEWSW
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the senate is working on issues other than the fiscal cliff. the house doesn't return until sunday. president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of representatives is operating without the house of representative. it's being operated with a dictatorship of the speaker. not allowing the vast majority of the house represents to get what they want. if the 250 would be brought up, it would pass overwhelmingly. >> we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. >> even if democrats and republicans, their leadership and the president, were to strike a deal on the fiscal cliff, it will take a couple days for the senate to work through it, the house to work thr
the senate is working on issues other than the fiscal cliff. the house doesn't return until sunday. president obama got back today but no significant progress towards a deal. democrats and republicans are fighting about process and issues. republicans want democrats to come up with a new proposal. house republicans say sign on to their proposal, keeping tax ritz rates where they are. when it comes to this impasse, both sides have taken to blaming one another. >> the house of...
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Jan 1, 2013
01/13
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CSPAN
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eye 132
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house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent shock waves through his conference, which was already extremely skeptical of the agreement, and perhaps looking for a leader. conservative opposition to the agreement stems from a host of issues, including that the deal does not include any spending cuts, would significantly add to the deficit and raise taxes on those making more than $400,000 a year. while the republicans were meeting earlier today, the congressional budget office came out with its scoring of the bill passed by the senate. another four dollars trillion in deficit spending is what they scored its ad for the next nine years,
house conservatives threatened to kill fiscal cliff deal. that is the headline on this article. house republicans are in conference. we're hoping the leadership will come out afterward. if they do, we will bring you that press conference. in this article, it says that less than 12 hours after senate majority leader mitchell and a a -- senate minority leader mitch mcconnell marshaled the votes, the deal appealed squash by a revolt led by eric cantor. although his remarks were brief, they sent...
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Dec 26, 2012
12/12
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FOXNEWSW
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economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene congressional leaders at some point. interesting that starbucks, the coffee company, is running a row motion in d.c. stores where the they're writing come together on the coffee cup. right now, they're a bit far apart. >> i heard you talk about that 78-degree cold front that swept through the islands. before he headed out, how did the president celebrate christmas? >> yeah, it's been rough. you're right. 78 degrees is probably better than where you are right now, but the bottom line is that hawaii is always beautiful this time and the president started a tradition when he comes out here for c
economists say we could go into another recession if the fiscal cliff is not dealt with. we just learned house republicans convened a conference call with members to say be on 48 hours notice to come back to washington in the next few days to deal with this one way or another. the senate coming back into session tomorrow morning 10:00 a.m. eastern time. the president on this red eye will be flying basically overnight tonight into tomorrow, get there early in the day and maybe convene...
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Dec 27, 2012
12/12
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FOXNEWSW
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the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked what do you think will pass? he said if you tell me what would attract republican support, i can tell you what would pass. if asked if he was optimistic, he said he was neither optimistic or pessimistic but was going back to talk to the president. the senate majority leader sounded frustrated with house republican leadership. >> american people i don't think understand the house of representatives is operating out the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of the house representatives to get what they want. >>
the house passed legislation to avoid the fiscal cliff. senate democrats have not. if the president and lawmakers cannot reach a deal in the next five days, automatic tax hikes and major spending cuts are set to kick in and economists warn that could trigger another recession. what else are we hearing from democrats on the hill? >> trace, very interesting comments from vice president joe biden up here for an unrelated matter about the fiscal cliff today. he says, essentially he was asked...
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Dec 30, 2012
12/12
by
WBAL
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eye 289
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>>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents a lack of leadership on both sides of pennsylvania. with less than 48 hours until the tax hikes and spending cuts take effect, florida small business owner, gary simmons, is watching what happens in washington closely. >> it could directly impact our business if people do not have the extra dollars to come shopping. that hurts business. >> reporter: it is a frustration that is being felt coast to coast and christmas shoppers in california sound off. >> potentially, it will affect the middle class, which i am the most, right now. that's disappointing to me. >> reporter: with public pressure mounting, key staffers worked behind closed doors trying to hammer out a last-minute deal. in his weekly radio address, the president said, if lawmakers can't find a compromise, they should put his pla
>>> we begin with the race in washington to fist fiscal cliff deadline including a preview of david gr david gregory's exclusive interview. we begin with kristen welker. >> the house is back in session and they could announce a deal as early as this afternoon. many saying this entire episode represents a lack of leadership on both sides of pennsylvania. with less than 48 hours until the tax hikes and spending cuts take effect, florida small business owner, gary simmons, is...
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Dec 28, 2012
12/12
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WBAL
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it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our coverage with nbc's white house correspondent, peter alexander who has been watching the developments all day. peter, good evening to you. >> reporter: natalie, good evening to you. after his first meeting with all of the top four congressional lawmakers since before thanksgiving, the president marched into the briefing room here at the white house and he said the time for immediate action is now. he called for a bipartisan agreement and said to congressional leaders, warning them the public's patience has worn out. after an hour-long closed-door meeting with the president, bo
it is down to the wire now with about 80 hours until the fiscal cliff deadline. and on what is a holiday weekend for many, that is not the case for congressional leaders in washington. there was a sense of urgency today as the president met with house and senate leaders along with the treasury secretary and vice president a short while ago at the white house to try and forge a last-minute deal. the president says he is optimistic, but at this hour, the fiscal cliff still looms. we begin our...
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Dec 28, 2012
12/12
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MSNBCW
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. >>> as those fiscal cliff worries become mo, the stocks skidded on thursday. on news that house members will return to negotiations on sunday evening. the latest penning home sales data comes out at 9:00. >>> the dairy industry is calling it the milk cliff. if congress doesn't approve a farm bill, the price of milk could skyrocket from 3.65 to as much as 8. all dairy products will be affected. >>> now to another looming crisis, dock workers at more than a dozen ports across the country are threatening to walk out on the job sunday. strikes along the east coast will create a domino effect. the white house is urging an agreement as quickly as possible. >>> month will rents are on the rise. it's up 3.7% over last year. >>> travelers have attempted to carry 1500 firearms onboard airports in 2012. a separate report found that most firearms were confiscated at atlanta's heartsfield airport. >>> sea world is hoping to make a big splash by going public. it's hoping to pay down debt by going public. no word on a stock price for investing in shamu. >>> where do you get
. >>> as those fiscal cliff worries become mo, the stocks skidded on thursday. on news that house members will return to negotiations on sunday evening. the latest penning home sales data comes out at 9:00. >>> the dairy industry is calling it the milk cliff. if congress doesn't approve a farm bill, the price of milk could skyrocket from 3.65 to as much as 8. all dairy products will be affected. >>> now to another looming crisis, dock workers at more than a dozen...
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Dec 27, 2012
12/12
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CSPAN
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yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of. the underwater of from the point of view of the irs, they consider that taxable. taxable if the extension is not prolong. so that is people who went through a difficult time and went through a short sale, they went through a very stressful financial times and for the irs to say now you have an additional taxable income, does not make sense. we have a bipartisan support to extend this. hopefully we can find a vehicle to attach it to and get it extended. it's only $1 billion price tag. a very small amount compared to the $1 trillion budget deficit we have been running. host: you have been quoted as say
yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of. the underwater of from the...
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Dec 26, 2012
12/12
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KRON
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the press as returning to the white house to work i fiscal cliff deal before the year and. without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can see it is at very scattered in this area. the shower is rather berkeley while my creek but they are very light right now. palo alto and east palo alto and the fattal of valley as well use the moderate to heavy rainfall. cupertino, this san rafael, san jose getting a lot of rain this morning. you can see out toward santa clara and downtown san jose looking at very wet conditions. rain coming down up to half an inch an hour but these are fairly fast moving headed to the south east. they will only last a few minutes. this morning scattered showers are likely anyway also experienced some gusty
the press as returning to the white house to work i fiscal cliff deal before the year and. without an agreement automatic tax increases for everyone in the spending cuts will be triggered and the new year. an enormous storm system of snow and sleet of the nation's midsection enemies damaging tornadoes are on the deep south has begun putting its way toward the northeast, slowing holiday travel. >> storm tracker for tracking the showers we're seeing an let's resume and these areas. you can...
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123
Dec 28, 2012
12/12
by
WRC
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eye 123
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. >>> this is a crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal
. >>> this is a crucial day in the effort to keep the country from going off the fiscal cliff. president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john...
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Dec 28, 2012
12/12
by
WBAL
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. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if u.s. families have already started the process of adopting them. the ban appears to be in re retaliation for u.s. criticism of russia's human rights record. >>> it's back to work for hillary clinton after being sidelined due to a concussion. she hit her head earlier this month after a stomach virus caused her to faint. overseas travel will remain off the table for several more weeks. >>> a woman has been arrested suspected of running a fraudulent fundraising scheme to profit off the sandy hook shooting tragedy. the 37-year-old was charged with lying to the fbi agents investigating the alleged scam. she spoke off cam
. >>> well, with some 90 hours to go until the fiscal cliff kicks in, president obama and top members of congress meet today at the white house, and the house is holding a rare session on sunday. but there are no signs that any proposals are taking shape that both sides can agree on. >>> heartbreak for many americans now banned from adopting russian children. this morning, president vladimir putin signed a bill that blocks russian children from leaving the country, even if...
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Dec 28, 2012
12/12
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KPIX
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cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this meeting today and that is we will kick the can down the road. >> reporter: senator bob courter told cbs this morning he predicts the meeting will bring only a temporary solution. >> this afternoon's meeting feels much to me like optics to make it look like we're doing something. let me just say one more time this is a total dereliction of duty at every level. >> reporter: going over the cliff would affect 88% of u.s. taxpayers whose taxes would go up on average $3,500 a year. many americans are frustrated the showdown has gone down to the last minute. >> they're playing games with people's lives. i don't think
cliff. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last minute agreement to avoid automatic spending cuts and tax increases due to kick in january 1st. >> probably the worst case scenario will come out of this...
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Dec 25, 2012
12/12
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KPIX
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the talks between the president and the house have broken down on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back and the president is going to work if hawaii to try and get -- from hawaii to try and get everybody to work together but at this point it seems like the deadline is just looming. >> we've been talking about this for a good month plus now. is it too late? they have so little time. can they get something together and actually save this before -- before new year's? >> reporter: well, frank as you've seen, in washington the 11th hour deal comes out all the time. in past years senator mitch mcconnell stepped in and been able to negotiate a compromise. this time through twitter he's telling folks that he is not going to step in. he says that the president needs the lead. now our sources saying that senate majority leader harry reid is working on his own plan. it's a smaller package that he's working on. that package would avoid middle class tax
the talks between the president and the house have broken down on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back and the president is going to work if hawaii to try and get -- from hawaii to try and get everybody to work together but at this point it seems like the deadline is just looming. >> we've been talking about this for a good month plus now. is it...
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Dec 28, 2012
12/12
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FBC
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shibani: fiscal cliff talks felt far and wide certainly in the pits of the cme. dennis: the year ending with positive news for the housing market but will washington pull the plug on its recovery? shibani: we will tell you what could be apple's latest products--and it wraps around your wrist. dennis: here's how the world's currencies are faring today. shibani: more positive news out of the housing sector, leading indicator of the housing market, pending home sales up in november for the record straight month now at a 2-1/2 year high, this data put out by the national association of realtors and i'm joined by chief economist lawrence unit. looking at the date of last couple months, housing prices are up, starts are up, and in home sales are up. is it fair to say that in 2012 warehousing market finally came alive? >> absolutely. furthermore things the going down our inventories, a number of foreclosures going down, based on the market. things that need to go up are going up and things that need to go down are going down and everything is moving in the right directi
shibani: fiscal cliff talks felt far and wide certainly in the pits of the cme. dennis: the year ending with positive news for the housing market but will washington pull the plug on its recovery? shibani: we will tell you what could be apple's latest products--and it wraps around your wrist. dennis: here's how the world's currencies are faring today. shibani: more positive news out of the housing sector, leading indicator of the housing market, pending home sales up in november for the record...
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Dec 24, 2012
12/12
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WRC
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail nbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest y
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 25, 2012
12/12
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CNNW
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to avoid the fiscal cliff. we are one week away from it, as you mentioned, and republicans are not even part of the discussions, both in the senate and in the house, and at this point they are certainly maybe having a working christmas. senate democrats and republicans, but i think it's interesting just to kind of recap what's going on here. before president obama and house speaker john boehner were working on a much bigger package obviously, not just to avoid the fiscal cliff but to try and tackle the long-term fiscal health of the country, trying to overall it was expected to raise some taxes, try to deal with entitlement reform and tax reform, those other big things like entitlement reform and tax reform get kicked into the new year, dana, so it's the gift that keeps on giving on this cli clifftmas. >> taking this pretty far. one of the key questions is whether or not senate democratic leader harry reid will be able to get enough republicans in the senate to vote on anything that will keep taxes low and mayb
to avoid the fiscal cliff. we are one week away from it, as you mentioned, and republicans are not even part of the discussions, both in the senate and in the house, and at this point they are certainly maybe having a working christmas. senate democrats and republicans, but i think it's interesting just to kind of recap what's going on here. before president obama and house speaker john boehner were working on a much bigger package obviously, not just to avoid the fiscal cliff but to try and...
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Dec 27, 2012
12/12
by
KRON
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leaders to talk about the fiscal cliff. >> the present call harry reid as well as house speaker john baker, senate republican leader mitch mcconnell and house democratic leader nancy pelosi. >> mr. obamas because of four leading for his christmas vacation last night. >> former president george h. w. bush is in intensive care at a houston hospital this morning. >> mr. bush's been hospitalized there since last month with what is being described as a stubborn fever. >> spokesman for its office said that the 88 year-old involved all liquid diet and has been in i see you sunday. >> busch sr. was originally a minute to the hospital for bronchitis like cough. the cough has improved but now the fever is the issue. >> off the mount tam cam shows the view down the coast. we are getting ready for more rain. we will have an update on forecast coming [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you c
leaders to talk about the fiscal cliff. >> the present call harry reid as well as house speaker john baker, senate republican leader mitch mcconnell and house democratic leader nancy pelosi. >> mr. obamas because of four leading for his christmas vacation last night. >> former president george h. w. bush is in intensive care at a houston hospital this morning. >> mr. bush's been hospitalized there since last month with what is being described as a stubborn fever....
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90
Dec 27, 2012
12/12
by
CSPAN
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eye 90
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yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of the underwater amount. from the point of view of the irs, they consider that taxable. so that is people who went through a difficult time and went through a short sale, they went through a very stressful financial times and for the irs to say now you have an additional taxable income, does not make sense. we have a bipartisan support to extend this. hopefully we can find a vehicle to attach it to and get it extended. it's only $1 billion price tag. a very small amount compared to the $1 trillion budget deficit we have been running. host: you have been quoted as saying -- with the fiscal cliff we will
yun, are any other mortgage housing related issues affected by the fiscal cliff? you talk about the potential of the mortgage tax deduction, but what about on january 1, are there any other tax changes for program changes we should be aware of? guest: the extension of the mortgage forgiveness should be extended. this is referring to people who are under water, they need to sell their house, so they need a short sale approval where the bank would forgive their debt of the underwater amount. from...
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Dec 28, 2012
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the house already passed legislation to avoid the entire fiscal cliff. the senate democrats have not. now, the final point here, and this is going to -- but believe it or not, we're also talking about milk. it's not directly part of the fiscal cliff, but because congress didn't pass a farm bill this year, you have these bizarre 1949 price supports that would go back into effect unless congress can fix that. if they don't, the price you pay at the grocery store is going to skyrocket. maybe several dollars a gallon. so because of that, congress wants to make a milk fix part of any part of fiscal cliff fix if they can do one or the other before the year ends. back to you guys. >> juliet: listening to them, what senator reid says about boehner and boehner's response. they sound like they're real housewives of dc or something. >> eric: they're nowhere near a deal. i think i have this figured out. president obama came back from hits vacation saying let's see if we can get something together, knowing very well that they can't. the house and senate are so far ap
the house already passed legislation to avoid the entire fiscal cliff. the senate democrats have not. now, the final point here, and this is going to -- but believe it or not, we're also talking about milk. it's not directly part of the fiscal cliff, but because congress didn't pass a farm bill this year, you have these bizarre 1949 price supports that would go back into effect unless congress can fix that. if they don't, the price you pay at the grocery store is going to skyrocket. maybe...
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Dec 24, 2012
12/12
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as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p 500 climbed 13. the nasdaq has jumped 16%. >>> reports are due this week on pending home sales. sales of new homes and a look at home prices in the nation's 20 largest cities. >>> are you still not sure what to get for the person who has everything? new retail numbers show footwear was the fifth most popular gift on shoppers' lists on black friday. a year ago, shoes didn't even make it into the top ten gifts for the season. >>> good news for hollywood. attendance by moviegoers is up more than 5.5% so far this year. ticket revenue is projected to jump by 6% by the end of 2012 which would be the industry's biggest
as fiscal cliff talks drag into the 11th hour with $600 billion in tax hikes and spending cuts due to kick in early next year, lawmakers will get back to the table later this week after house speaker john boehner's plan b failed to get enough republican support for a vote last week. >>> still, the market has been resilient. despite friday's decline, the s&p 500 posted its best week in four. and with just five trading sessions left in 2012, the dow has advanced 8% while the s&p...
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Dec 26, 2012
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ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were young. ♪ how much i love you [ humming ] [ female announcer ] children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. [ humming ] by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it
ever looming fiscal cliff. can he cut a deal with republicans. >>> and david gregory may be in trouble of the law because of that ammo thing he has on his anchor desk. [ male announcer ] the more you lose, the more you lose, because for every two pounds you lose through diet and exercise, alli can help you lose one more by blocking some of the fat you eat. let's fight fat with alli. ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to...
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Dec 28, 2012
12/12
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WJLA
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economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever he proposes. the truth is we are coming up against a hard deadline. this is a conversation we should have had months ago. clerk democrats want to extend bush-era tax cuts to everyone except those americans making to a hundred $50,000 or more per year. many republicans are against any tax increases. -- democrats want to extend bush-era tax cuts to everyone except those americans making $250,000 per year. >> d.c. mayor vincent gray says the christmas eve killing on capitol hill is a rallying cry to put more police on the streets in city neighbo
economy would go off a fiscal cliff. that's when automatic spending increases and spending cuts would take effect. -- a deal will not be easy, because both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president we would be happy to look at whatever...
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Dec 26, 2012
12/12
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cliff. >> brianna keilar reporting live from hawaii this morning. >>> checking our top stories before heading back to d.c. to try to head off the physical -- the fiscal cliff. you know what i'm saying. the president and first lady michelle obama visited marines and thanked them for their service. >> the greatest honor i have as president is being commander in chief and the reason it's an honor is because not only do we have the finest military in the world but we also have the finest fighting men and women in the world. >> mrs. obama and the girls won't cut short their vacation. they're staying on in hawaii. >>> former braves great andruw jones free on a bond in atlanta on a battery charge. there was a domestic dispute between he and his wife. the center fielder played with the new york yankees last year and recently signed with a team in japan. >>> the city of los angeles is holding its annual gun buyback today, several months ahead of schedule. the buyback program allows anyone to bring in
cliff. >> brianna keilar reporting live from hawaii this morning. >>> checking our top stories before heading back to d.c. to try to head off the physical -- the fiscal cliff. you know what i'm saying. the president and first lady michelle obama visited marines and thanked them for their service. >> the greatest honor i have as president is being commander in chief and the reason it's an honor is because not only do we have the finest military in the world but we also have...
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Dec 26, 2012
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to tackle the fiscal cliff, returning tomorrow just as the house and senate are expected to reconvene. with the way things work in washington, can anything be done before year's end? white house correspondent brianna keilar following this. what is the latest? >> reporter: it's honestly very unclear, drew, if something is going to happen. obviously we will see some actions to try to avert the fiscal cliff. president obama cutting his vacation in hawaii almost two weeks short to head back as the senate and the house reconvene and we are looking to the senate, where senate majority leader harry reid will be trying to put together a bill that can get some republican support in the senate but also and more importantly some republican support in the house, where obviously we saw negotiations fall apart with president obama last week, so we're waiting for this proposal to see kind of what shape it takes. the white house wants those bush era tax cuts on the first quarter million dollars of earnings to be preserved, that's what the white house has been pushing. it's unclear if that is going to
to tackle the fiscal cliff, returning tomorrow just as the house and senate are expected to reconvene. with the way things work in washington, can anything be done before year's end? white house correspondent brianna keilar following this. what is the latest? >> reporter: it's honestly very unclear, drew, if something is going to happen. obviously we will see some actions to try to avert the fiscal cliff. president obama cutting his vacation in hawaii almost two weeks short to head back...
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Dec 31, 2012
12/12
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CSPAN
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fiscal cliff. halting base spending is what's going to stop it. end of editorial. over the past year, house republicans have passed effective bipartisan legislation to prevent the entire fiscal cliff. unfortunately, these bills remain stalled in the senate graveyard. this fact makes it very clear that house republicans have addressed this issue and speaker john boehner is holding firm for fiscal responsibility. with only a few hours to go, it's my hope that the senate will accept one of our proposals and send legislation back to the house that will attempt to tackle out-of-control spending, extend tax cuts for all americans and preventing the devastating defense cuts before it's too late and hundreds of thousands of jobs are destroyed. in conclusion, god bless our troops and we will never forget september 11 and the global war on terrorism. congratulations, jay pierson, for your years of service. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from ohi
fiscal cliff. halting base spending is what's going to stop it. end of editorial. over the past year, house republicans have passed effective bipartisan legislation to prevent the entire fiscal cliff. unfortunately, these bills remain stalled in the senate graveyard. this fact makes it very clear that house republicans have addressed this issue and speaker john boehner is holding firm for fiscal responsibility. with only a few hours to go, it's my hope that the senate will accept one of our...
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Dec 27, 2012
12/12
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the fiscal cliff is falling into the hands of the senate after the house walks away with no deal. can the senate do any better? connecticut senator richard blumenthal is with us at the top of the hour plus the airline pilot caught on tape ripping his bosses as' poll jizs to passengers. you're going to want to hear this and probably applaud. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make things you want, we make things you didn't even know you wanted. like a spoon fork. spray cheese. and jeans made out of sweatpants. so grab yourself some new prilosec otc wildberry. [ male announcer ] one pill each morning. 24 hours. zero heartburn. satisfaction guaranteed or your money back. satisfaction guaranteed meet the 5-passenger ford c-max hybrid. when you're carrying a lot of weight, c-max has a nice little trait, you see, c-max helps you load your freight, with its foot-activated lift gate. but that's not all you'll see, cause c-max also beats prius v, with better mpg. say hi to t
the fiscal cliff is falling into the hands of the senate after the house walks away with no deal. can the senate do any better? connecticut senator richard blumenthal is with us at the top of the hour plus the airline pilot caught on tape ripping his bosses as' poll jizs to passengers. you're going to want to hear this and probably applaud. now with a fancy coating that gives you a burst of wildberry flavor. now why make a flavored heartburn pill? because this is america. and we don't just make...
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Dec 28, 2012
12/12
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last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of cyclists ride alightning the waterfront and down market street and drivers are always advised to expect delays. >> peeking of, we haven't really seen any this morning. let's go to tara and see if that changed. >> no, the same story. maybe a lot of folks headed up to the tahoe area. maybe they already left as a matter of fact because the skiing is going to be pretty good up there. right now i want to show you my maps so you can see exactly what i'm talking about up here. the roadways are completely clear and in livermore the same story. overall
last ditch effort to avoid the fiscal cliff. he cut short his hawaii vacation to return to washington and coming up, signs that president obama maybe reaching out to another republican leader after his negotiations with house speaker john boehner did not result in a deal. >> well, traffic don't in downtown san francisco could grind to a halt. that's because today is the last scheduled critical mass event for the year. for those new to the area, on the last friday of every month, dozens of...
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Dec 25, 2012
12/12
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with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to cobble together when the senate reconvenes on the 27th and that's really the last-ditch effort. it's seen as the senate trying to do something that can also pass the house, so this is exactly what you would expect. the real problem though is as of this morning, just a week out from when the fiscal cliff is expected to hit. there's no discussions between congressional democrats and congressional republicans even on the staff level. this is what democratic and republican sources are telling me, and overall just to remind people, instead of this being -- here's what we expect. instead of this being some
with the house hopelessly deadlocked any chance of averting the fiscal cliff will start in the senate and there's a bit of news on that front. our white house correspondent brianna keilar joins us live from honolulu, hawaii. so a slight bit of news. do tell. >> reporter: i hesitate to even say it's a slight bit of news because it's sort of exactly what we would expect, to be honest. the white house is talking about senate democrats about what senate majority leader harry reid will have to...
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Dec 28, 2012
12/12
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as america tries to avert the fiscal cliff. plus a free ride on many. we will tell you why coming up after the break at the kron 4 morning news conreturns in two minutes. >> ,h >> overnight, three people were killed and oakland. all of them at different locations. i will have the details coming up. >> the clock is ticking for a solution in washington. we are just four days away from falling off the fiscal cliff. >> we're all so interested in the all important weekend forecast. let's check in with erica. >> we are starting to see more called stream in. here on storm tracker for a lot rain is in the north bay. but a lot of the more usher is not hitting the ground. you still may run into a sprinkle in certain spots. the rain should arrive sometime in the area. as we take a look at the satellite and radar pitcher this system is impacting parts of of the bay area. i will walk you through future cast 4 in my next report. >> bart is reported that they are having major delays because of a piece of equipment is stuck on the tracks. this
as america tries to avert the fiscal cliff. plus a free ride on many. we will tell you why coming up after the break at the kron 4 morning news conreturns in two minutes. >> ,h >> overnight, three people were killed and oakland. all of them at different locations. i will have the details coming up. >> the clock is ticking for a solution in washington. we are just four days away from falling off the fiscal cliff. >> we're all so interested in the all important weekend...
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Dec 27, 2012
12/12
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WBAL
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. >> it's five days before going over the fiscal cliff. we know the president is coming back to washington but will lawmakers meet him there? are lawmakers even talking at this point? >> reporter: it's unbelievable. it's been ten days since there has been a meaningful conversation between the president and any republican, in that case, speaker boehner. ten day, any exchange of proposals, any back and forth trying to come up with something. since then, total political paralysis and doesn't look like anything more is going to happen. harry reid saying i won't bring anything to the senate floor or call a vote until i know for sure the republicans in the senate and republicans in the house will actually take whatever bill they come up with an put it on the floor. it's looking more and more likely this is we will go over this proverbial cliff, won't be over it very long, you know the way washington works. two weeks in they can pass a law retroactively and roll back the tax things but doesn't appear someh somehow new year's eve and january 1st s
. >> it's five days before going over the fiscal cliff. we know the president is coming back to washington but will lawmakers meet him there? are lawmakers even talking at this point? >> reporter: it's unbelievable. it's been ten days since there has been a meaningful conversation between the president and any republican, in that case, speaker boehner. ten day, any exchange of proposals, any back and forth trying to come up with something. since then, total political paralysis and...
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Dec 26, 2012
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the big issues that are outstanding here with trying to figure out a way to avert the fiscal cliff are how to stop these tax hikes on the middle class as the white house sees it. but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday. we said we wouldn't be surprised if he went to visit troops as he's done in past years. indeed he did end up doing that. he went a short distance from where he and the first family rent a home, to a military station here an oahu. and he visits with troops thanking them for their service and also thanking their families for their service. he said to them, we know the sacrifice that our military men and women make in defending our country. but sometimes it gets lost just how much of a sacrifice the families make as well. and as you know, don, first lady, michelle obama, has been really active with military fami
the big issues that are outstanding here with trying to figure out a way to avert the fiscal cliff are how to stop these tax hikes on the middle class as the white house sees it. but there's also a number of smaller tax measures that are set to expire. they sort of create their own set of problems, even for some democrats. so he may really need to do some lobbying on a few of them, don. >> brianna, how did he spend christmas? >> reporter: christmas, we talked about this yesterday....
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Dec 25, 2012
12/12
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houses and less about the fiscal cliff. >> and those are simple things to do but they take time. but it's good advice. >>> okay, we hear a lot about the amt and how congress may put a patch on that. can you explain it in a simple way so everyone can understand? >> back in '69 they came out with something called "minimum tax." and in '82, the alternative minimum tax and this was a way to make sure the ch wealthy pay their fair share. this is how to level the playing field a little bit. this simply says now it's around $74,500. if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation has gone into place, things have not adjust
houses and less about the fiscal cliff. >> and those are simple things to do but they take time. but it's good advice. >>> okay, we hear a lot about the amt and how congress may put a patch on that. can you explain it in a simple way so everyone can understand? >> back in '69 they came out with something called "minimum tax." and in '82, the alternative minimum tax and this was a way to make sure the ch wealthy pay their fair share. this is how to level the...
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Dec 26, 2012
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we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the nation's capital, a long-time friend of the gun lobby. he's been tapped to lead the nra plan to put armed guards in schools.nra plan to put armed guards in school. also the weather is a very big story. blizzard conditions in indiana and other places. we'll take a look at just how bad that can get. all that at the top of the hour. >> joe johns, thank you. >>> they inspire us, sometimes they even anger us. they're the most intriguing people of 2012. so who made the list? broo brooke baldwin counts down the top ten people who shaped the year that was. >> number
we're counting down the minutes until we reach the fiscal cliff. the congress and the white house are running out of time. there was supposed to be a leadership telephone conversation today, while the president heads back here from hawaii. senior congressional correspondent dana bash is following that closely, so we'll be checking in with her. we're also staying on the story of the gun culture in america. we'll talk to former congressman asa hutchinson, a man who is very well known here in the...
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Dec 26, 2012
12/12
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WBAL
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., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so hopes for that have all but faded, the president conceding he would accept a smaller measure as long as it includes taxes going up on the wealthiest americans. if the country goes over the cliff, economists warn it could be dire. the average american would wind up paying about $2,000 more in taxes and eventually, savannah, if we go over the cliff and stay there, the economy could dip back into recession. now, lawmakers are also headed back to d.c. in fact, the senate is back in session tomorrow. savannah? >> short holiday. lot of work to do. kristen welker in honolulu. t
., he and lawmakers will have just days to avert the so-called fiscal cliff. here is where everything stands. last week house speaker john boehner failed to get his own bill through the house. so now things are in the s senate's court. leaders there will have to come up with a compromise to avert the tax hikes and spending cuts set to go into effect during the first of the year. president obama had been working with house speaker john boehner, trying to get a big deal, but talks fell apart. so...
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Dec 28, 2012
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WBAL
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. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been given the task of negotiating have continued their conversations looking for ways to try to bring a deal together. while the elected officials know they need to be more visible. >> mr. speaker, we ought to be here working, addressing these challenges. >> reporter: under pressure to show up, even if there is no deal to consider, congress will work this holiday weekend. the deadline is so close, outgoing members have already packed up their offices and need to move out while the harsh tone is going nowhere. >> the american people, i don't think understand the house of representatives is operating without the house
. >>> with just four days left to avoid the fiscal cliff, congressional leaders heading to the white house this afternoon for key talks with president obama. nbc's capitol hill correspondent kelly o'donnell has more. kelly, good morning. >> reporter: good morning, willie. the top two democrats and republicans from the house and senate will sit down with the president middle of the afternoon. but we should tell you that behind the scenes the most senior staffers who have been...
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Dec 26, 2012
12/12
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the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the northeast. >> we are still tracking pretty good storm sales as you can see here is a live look as storm tracker 4. san for cisco is starting to dry out. we are still seeing pretty good rain coming out towards ever bring and 101. \ evergreen and 101. hayward and union city are also looking at moderate rain showers that are coming through. richmond and certain parts oakland are also looking at light rain. all the rain will stick a round and we will have scattered showers for the rest of the day. showers will decrease by the afternoon and you should grab your unreligious in case you are doing shopping. the
the president is returning to the white house to work on its fiscal cliff deal before the year inns. without an agreement, automatic tax increase is for everyone and deep spending cuts will be triggered in the new year. the >> the death toll has risen to six from winter storms in the nation's midsection. if this is video automobile, alabama. an enormous storm system that brought snow and sleet to the nation's midsection and tournedos to the deep south is now moving its way toward the...
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Dec 27, 2012
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. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai shopping center a shark tank exploded. >>> the windy city of chicago will sport america's most expensive parking meters. >> what do you think about that? >> too much. >> all that -- >> smith catches, shoots puts it up, puts it in at the buzzer! j.r. smith with another game winner! >>> what is your favorite app? >> scrabble. >> sometimes i want to yank that out of your hands. >> and all that matters. >> an endangered thin backed whale watched up on the breezy point section of queens. >> on "cbs this morning." >> i know he's smiling but that medal hanging around his neck there's a 40% chance he'll hang himself with it. captioning funded by cb
. >> president owe pa ma returns to washington today with five days to avoid the fiscal cliff. >> all eyes will be on the senate after house republicans said it's up to senate leadership to reach a deal. >>> starbucks is urging action asking baristas in his washington, d.c., cafes to write the word "come together" on the cups. >> a new york newspaper facing backlash after it published the names and addresses of local gun owners. >>> a busy shanghai...
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Dec 26, 2012
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later he'll head back to the white house to work on a deal to avoid the fiscal cliff. peter doocy live in washington with more on the last-minute deal making. hey, peter. >> hey. president obama is still going to be able to squeeze in one more day of vacation in hawaii before he leaves his wife and daughters hyped and boards air force one for dc at about 10:00 p.m. in honolulu, 3:00 a.m. eastern time. that should get him back to the white house sometime tomorrow, thursday morning, on the back end of a break he says he hopes will get lawmakers on the same page. >> everybody can co- opt, drink egg nog, have christmas cookies, sing some christmas carols, enjoy the company of loved ones and then i'd ask every member of congress, while they're back home, to think about that. think about the obligations we have to the people who sent us here. >> speaker of the house, john boehner, is expected to come back to washington at any time as well. before he went back to ohio and president obama went to hawaii, they were believed to be about $400 billion apart in spending cuts and ta
later he'll head back to the white house to work on a deal to avoid the fiscal cliff. peter doocy live in washington with more on the last-minute deal making. hey, peter. >> hey. president obama is still going to be able to squeeze in one more day of vacation in hawaii before he leaves his wife and daughters hyped and boards air force one for dc at about 10:00 p.m. in honolulu, 3:00 a.m. eastern time. that should get him back to the white house sometime tomorrow, thursday morning, on the...
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Dec 27, 2012
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it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the president to be signed into law in their current form, they must be amended and returned to the house. the senate first must act. now, the house leader john boehner says he will give house members 48 hours before he calls them back. that means the earliest they'll be back is on saturday. so are they just passing the buck to the senate? >> i think that's what's happening in both chambers right now. you saw a return statement from senate majority leader harry reid's spokesman yesterday talking about the incompetence of the house. these two sides are pointing fingers at each other. you have a situation now where these guys are completely confident or at least confident enough that their strategies are the right ones for them that they're not moving off the ball at all. and without any sort of movement, that's why you hear so much pessimism. >> i think part of it is they're afraid of s
it says in part, the house has acted on two bills which collectively would avert the entire fiscal cliff if enacted. those bills await action by the senate. if the senate will not approve, and send them to the president to be signed into law in their current form, they must be amended and returned to the house. the senate first must act. now, the house leader john boehner says he will give house members 48 hours before he calls them back. that means the earliest they'll be back is on saturday....
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Dec 28, 2012
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plans to avert the so-of called fiscal cliff. before the senate adjourned yesterday, majority leader harry reid and minority leader mitch mcconnell debated the fiscal cliff and talked about negotiations surrounding the tax hikes and automatic spending cuts scheduled to take effect in a few days. this is about 5 minutes -- 15 minutes. >> madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the speaker and maybe others from hawaii and asked if there was something we could do to avoid the fiscal cliff. i say i'm a little frustrated, because we've been asking the president and the democrats to work with us on a bipartisan agreement for months, literallye for months. a plan that would simplify theod tax code, shrink the deficit, protect the taxpayers and grow the economy. but democrats consistently rejected those offers. the president chose instead to spend his time on the campaign trail. reelected. and congressional democrats sat on theire
plans to avert the so-of called fiscal cliff. before the senate adjourned yesterday, majority leader harry reid and minority leader mitch mcconnell debated the fiscal cliff and talked about negotiations surrounding the tax hikes and automatic spending cuts scheduled to take effect in a few days. this is about 5 minutes -- 15 minutes. >> madam president, you'll excuse me if i'm a little frustrated at the situation we find ourselves in, but last night president obama called myself and the...
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that's two days before the fiscal cliff deadline and every americans' taxes go up. house leaders did reiterate, if the senate passes something, the house will take it up, which is different from what we've seen before, but it is important to everyone size that it is still a big, big "if," if the senate can pass anything at all before december 31st. >> i'm still trying to wrap my mind around the fact that the minority leader, that is senator reid, and senator mcconnell -- sorry, i had a brain freeze again, that senator reid and senator mcconnell met and didn't talk about the fiscal cliff. that's crazy to me. did you say, what did you talk about? >> reporter: well, ted barrett was down there. i was not there. they said they talked about other senate business. as i said to you earlier, it sort of defies logic, but reid is also insisting that he went over there to talk about other things. you know, it's head skraecratch. >> yes, it is. i imagine we'll see you tomorrow. thanks so much, dana. >> thanks, candy. >>> another possible blow to the american economy could be in
that's two days before the fiscal cliff deadline and every americans' taxes go up. house leaders did reiterate, if the senate passes something, the house will take it up, which is different from what we've seen before, but it is important to everyone size that it is still a big, big "if," if the senate can pass anything at all before december 31st. >> i'm still trying to wrap my mind around the fact that the minority leader, that is senator reid, and senator mcconnell -- sorry,...
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should the white house step in? we're going to be talking smoot holly in a second. heather: former president george h.w. bush has been hospitalized for more than a month. what doctors are now saying about the former president's health. gregg: and from twilight twists to secret e-mails to the cia, a look back at the biggest scandals, scandals of 2012. oh, yeah, that was a scandal. heather: that's a big one. ash cd from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purche, everday! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great sinesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. heather: welcome back. an update now on former president george h.w. bush who spent christmas in the hospital. a spokesman said that
should the white house step in? we're going to be talking smoot holly in a second. heather: former president george h.w. bush has been hospitalized for more than a month. what doctors are now saying about the former president's health. gregg: and from twilight twists to secret e-mails to the cia, a look back at the biggest scandals, scandals of 2012. oh, yeah, that was a scandal. heather: that's a big one. ash cd from capital one, sven gets great rewards for his small business! how does this...
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there is no question the economy wants a solution to the fiscal cliff issue. they want to get it behind us. as you know we have only got a week to go. jamie: it will be interesting to see percentage of returns for retailers. they could get hit mr. the hard. people say i take the cash instead. >> right. jamie: how important is consumer spending to the overall healthiness of the economy? >> sure, it's a big factor. i mean, look, there's two major sectors of the economy. with your money you can either consume it or that is important and or you can invest it, that is important to. when consumers hold back no question retail sector of the economy gets hit hard with a slowdown in business activity. by symptom estimates two third of our economy is retail sector where people spend money as consumers. jamie: so the numbers count. quick, steve, out of curiosity since you follow this stuff and you know money, did you buy less this year than you used to? >> you know, gee, i have to see my credit card bill before i answer that we did pretty well and i took in a pretty good
there is no question the economy wants a solution to the fiscal cliff issue. they want to get it behind us. as you know we have only got a week to go. jamie: it will be interesting to see percentage of returns for retailers. they could get hit mr. the hard. people say i take the cash instead. >> right. jamie: how important is consumer spending to the overall healthiness of the economy? >> sure, it's a big factor. i mean, look, there's two major sectors of the economy. with your...